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RBI's 9-mo after-tax profit in Albania rises 89% y/y

Nov 3, 2023, 5:31:19 PMArticle by Genta Hodo
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November 3 (SeeNews) - Raiffeisen Bank International (RBI) said on Friday that its after-tax profit from operations in Albania rose to 51 millon euro ($54.6 million) in the first nine months of 2023, up from a profit of 27 million euro in the same period of last year.

RBI's 9-mo after-tax profit in Albania rises 89% y/y

Net interest income rose 69% year-on-year to 83 million euro in the nine months through September, while net fee and commission income edged up 1% at 15 million euro, RBI said in an interim financial report.

Operating income grew 48% on the year to 95 million euro in the nine months under review.

Raiffeisen Bank Albania was the third largest lender in terms of assets among 11 Albanian banks in the third quarter, according to the Albanian banks' association.

($ = 0.933 euro)

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